Essec\Faculty\Model\Contribution {#2233 ▼
#_index: "academ_contributions"
#_id: "12784"
#_source: array:26 [
"id" => "12784"
"slug" => "12784-temporal-risk-utility-vs-probability-weighting"
"yearMonth" => "2022-07"
"year" => "2022"
"title" => "Temporal Risk: Utility vs. Probability Weighting"
"description" => "ABDELLAOUI, M., DIECIDUE, E., KEMEL, E. et ÖNCÜLER, A. (2022). Temporal Risk: Utility vs. Probability Weighting. <i>Management Science</i>, 68(7), pp. 5162-5186.
ABDELLAOUI, M., DIECIDUE, E., KEMEL, E. et ÖNCÜLER, A. (2022). Temporal Risk: Utility vs. Probabilit
"
"authors" => array:4 [
0 => array:3 [
"name" => "ÖNCÜLER Ayse"
"bid" => "B00183494"
"slug" => "onculer-ayse"
]
1 => array:1 [
"name" => "ABDELLAOUI Mohammed"
]
2 => array:1 [
"name" => "DIECIDUE Enrico"
]
3 => array:1 [
"name" => "KEMEL Emmanuel"
]
]
"ouvrage" => ""
"keywords" => []
"updatedAt" => "2024-10-31 13:51:19"
"publicationUrl" => "https://pubsonline.informs.org/doi/abs/10.1287/mnsc.2021.4124?af=R"
"publicationInfo" => array:3 [
"pages" => "5162-5186"
"volume" => "68"
"number" => "7"
]
"type" => array:2 [
"fr" => "Articles"
"en" => "Journal articles"
]
"support_type" => array:2 [
"fr" => "Revue scientifique"
"en" => "Scientific journal"
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => "This paper reports two experiments in which attitudes toward temporal risk resolution is elicited from choices between two-outcome lotteries that pay out at some future fixed date and can be resolved either now or later. We show that matching probabilities provides a simple method to measure attitudes toward temporal resolution—via the utility scale—under the recursive expected utility of Kreps and Porteus. We also analyze our data using a general recursive model that can reveal attitudes toward temporal risk resolution through the utility scale and/or the probability weighting scale. In terms of goodness of fit, as well as of prediction accuracy, our results point to a better performance of the probability weighting approach. More specifically, we show that individuals become less sensitive and more pessimistic with respect to winning probabilities when lotteries are resolved later rather than now.
This paper reports two experiments in which attitudes toward temporal risk resolution is elicited fr
"
"en" => "This paper reports two experiments in which attitudes toward temporal risk resolution is elicited from choices between two-outcome lotteries that pay out at some future fixed date and can be resolved either now or later. We show that matching probabilities provides a simple method to measure attitudes toward temporal resolution—via the utility scale—under the recursive expected utility of Kreps and Porteus. We also analyze our data using a general recursive model that can reveal attitudes toward temporal risk resolution through the utility scale and/or the probability weighting scale. In terms of goodness of fit, as well as of prediction accuracy, our results point to a better performance of the probability weighting approach. More specifically, we show that individuals become less sensitive and more pessimistic with respect to winning probabilities when lotteries are resolved later rather than now.
This paper reports two experiments in which attitudes toward temporal risk resolution is elicited fr
"
]
"authors_fields" => array:2 [
"fr" => "Marketing"
"en" => "Marketing"
]
"indexedAt" => "2025-04-09T14:21:42.000Z"
"docTitle" => "Temporal Risk: Utility vs. Probability Weighting"
"docSurtitle" => "Articles"
"authorNames" => "<a href="/cv/onculer-ayse">ÖNCÜLER Ayse</a>, ABDELLAOUI Mohammed, DIECIDUE Enrico, KEMEL Emmanuel"
"docDescription" => "<span class="document-property-authors">ÖNCÜLER Ayse, ABDELLAOUI Mohammed, DIECIDUE Enrico, KEMEL Emmanuel</span><br><span class="document-property-authors_fields">Marketing</span> | <span class="document-property-year">2022</span>
<span class="document-property-authors">ÖNCÜLER Ayse, ABDELLAOUI Mohammed, DIECIDUE Enrico, KEMEL Em
"
"keywordList" => ""
"docPreview" => "<b>Temporal Risk: Utility vs. Probability Weighting</b><br><span>2022-07 | Articles </span>"
"docType" => "research"
"publicationLink" => "<a href="https://pubsonline.informs.org/doi/abs/10.1287/mnsc.2021.4124?af=R" target="_blank">Temporal Risk: Utility vs. Probability Weighting</a>
<a href="https://pubsonline.informs.org/doi/abs/10.1287/mnsc.2021.4124?af=R" target="_blank">Tempora
"
]
+lang: "fr"
+"_type": "_doc"
+"_score": 9.0683155
+"parent": null
}